President Trump Proposes Ban on Institutional Investors Purchasing Single-Family Homes
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President Donald Trump has announced plans to prohibit large institutional investors from acquiring single-family homes, aiming to improve housing affordability for Americans.
President Donald Trump announced plans on Wednesday to ban large institutional investors from purchasing single-family homes, aiming to improve housing affordability for Americans.
In a social media post, Trump stated, "I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations."
Institutional investors, such as private equity firms and real estate investment trusts, have been increasingly acquiring single-family homes, particularly in Sun Belt cities like Atlanta and Jacksonville. While they own approximately 2% of the nation's single-family rental housing stock, their presence is more concentrated in certain metropolitan areas.
The Government Accountability Office estimates that investors control about a quarter of Atlanta's single-family rental market and more than a fifth of Jacksonville's.
Critics argue that corporate ownership has contributed to rising home prices and rents, making it more difficult for individuals to purchase homes.
Trump plans to outline additional housing and affordability proposals in a speech at the World Economic Forum in Davos in two weeks.
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